The Entrepreneurial Ecosystem: The Regional Entrepreneurship and Development Index
30 Pages Posted: 13 Aug 2015 Last revised: 27 Oct 2015
Date Written: May 30, 2015
Our article develops a Regional Entrepreneurship and Development Index (REDI) for capturing the contextual features of the entrepreneurial ecosystems. Building on the National Systems of Entrepreneurship Theory, REDI advances our understanding to profile Entrepreneurial Ecosystems. An important aspect of the REDI method is the Penalty for Bottleneck analysis, which helps identifying constraining factors at the system level. The index structures the ecosystem disparities amongst a mix of 125 NUTS 1 and NUTS 2 regions for 24 EU countries and provides regional level policy suggestions to improve the level of entrepreneurship and optimize resource allocation over the different pillars of the ecosystem.
Keywords: entrepreneurship, innovation, GEM, REDI, entrepreneurial ecosystem, Smart Specialization
JEL Classification: L26, R11, R58
Suggested Citation: Suggested Citation